As an independent contractor in Walnut Creek, there are times when the folks working for you fall into gray areas where you may or may not need workers compensation insurance coverage. Do you fully understand the laws and obligations? We do, and it’s still hard to explain or just depends upon your individual situation. Don’t presume or take the word of someone who “may” know. Protect yourself, your interests and your workers and call the experts at California Contractors Insurance. We’ll give it to you straight and tell you exactly the type of workers compensation insurance you need.
Workers Compensation Insurance Company Near Me In Walnut Creek California
The worker’s compensation insurance experts at California Contractors Insurance have years of experience in the field of contractors insurance. Each of our highly skilled and certified agents is adept at designing workers compensation insurance policies that will meet the Walnut Creek CA 94595 legal requirements and the comprehensive coverage you and your workers need. Do you know what your obligations are when it comes to workers compensation insurance? Don’t guess and hope, find out and get covered. Trust us, you’ll sleep better knowing you have the coverage you need and require. As an independent contractor, you have enough to worry about, let us help provide you with the peace of mind you need.
Free Workers Compensation Insurance Quote – (888) 728-4034
Workers compensation insurance and health insurance are not the same things. Know the difference? We do, so call California Contractors Insurance at (888) 728-4034 and we’ll provide you with the right coverage your business needs. Request a free, no-obligation quote today and protect your business and your workers today. You’ll be glad you did.
More About Workers Compensation Insurance
Understanding Workers’ Compensation Insurance and More
Many mid-sized businesses in Walnut Creek will usually have at least a staff member or more. Thus, as a company owner, having some knowledge on how workers’ compensation insurance works will go a long way in saving you a grand headache and financial damages in case something takes place to any of your workers.
Workers’ compensation insurance coverage in Walnut Creek CA is an insurance policy that provides wage replacement and medical expenses to your employees in case they are injured. This policy is in exchange for mandatory forfeiture of their right to take legal action against the employer for compensation.
Why This Policy Is Handy
This policy serves to protect the company from punitive lawsuits by their employees. In some cases, the claims can cause financial damages resulting in the business to become insolvent when the damages granted are too expensive for the company to afford. Hence, this system of collective liability was adopted to resolve the issue.
The compensation plans in Walnut Creek differ amongst jurisdictions. Nevertheless, in general terms, a kind of disability insurance through replacement of wages can be adopted. There will also be compensation for the economic loss for the hurt worker, payment or compensation of medical costs along with benefits awarded to the staff members’ dependents in case of death.
As a company owner, you should comprehend why such an insurance policy comes in handy. Apart from saving you from lawsuits that can damage your reputation, it also prevents you from closing down due to high damages awarded to the hurt staff member.
The Policy Is Not Standardized
The workers’ compensation insurance coverage are controlled by the individual states and areas business is located. Thus, there isn’t really a single guideline that is followed when granting damages. Therefore, when your company expands to other states, it would be prudent to discover from your attorney how the law operates in that area, and therefore you can change the policy appropriately.
Typically, damages sought for pain and suffering due to the negligence of the company in addition to compensatory damages for the company are not covered by the workers’ compensation plan. Hence, it would be prudent for the company to make sure that none of their policies or operations directly put the employees at risk of injury even if such an insurance plan is in place.
Not All Businesses Apply
Not all companies need to have workers’ compensation insurance in place. For instance, small companies (specifically sole proprietorships and collaborations) will not require the insurance coverage unless they have employees who aren’t also owners. Sometimes, the state laws will permit the owners to get the compensation plan for themselves (as their own employees) if they want.
Some states also don’t require the business to have compensation insurance plan in place if the employees are exclusively paid on commission. Depending upon the state, the law may treat uninsured contractors as workers in case they are hurt while working for you.
Getting the Plan
As a rule, if you have workers who aren’t owners, then it is a requirement to have such compensation insurance plans in place. Most companies take measures to guarantee that their work environment is safe, but accidents do occur, and incomes are lost as a result. Therefore, getting workers’ compensation insurance will safeguard both you and your workers in the event of an accident.